High court rules 2nd mortgages can’t be voided in bankruptcy

You can’t file under Chapter 13, or any other chapter, if a previous bankruptcy petition was dismissed within the last 180 days because you failed to appear in court or comply with the orders of the court or if the petition was voluntarily dismissed by creditors.

These rules are mortgage rules-under current regulations there’s a waiting period for how soon you can get a mortgage to buy a house.. You didn’t say whether you filed bankruptcy. If you filed bankruptcy, then they can’t come after you.. Our second mortgage we have not paid on since prior to the BK and we were told it was written.

Consumers Can’t Void Second Mortgage In Bankruptcy, SCOTUS Rules 6.1.15 2:44 PM EDT By Ashlee Kieler @akieler It’s Your Loan – Deal With It scotus supreme court bank of america loans mortgage.

How Chapter 13 Stops a Pending Mortgage Foreclosure Although the 2nd lien bonds were found to be over secured at the petition date, the court still did not rule in their favor .

WASHINGTON (AP) – A unanimous Supreme Court ruled Monday that homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the primary mortgage.

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WASHINGTON (AP) – A unanimous Supreme Court says homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the first mortgage. The justices on Monday ruled in favor of Bank of America in two Florida cases where bankrupt homeowners wanted to "strip.

 · You can get approved for a mortgage after bankruptcy in as little as one year. But there are a lot of details to get through. Here are your FAQs about getting a mortgage after bankruptcy.

Dennis Papiernik – Compass Mortgage

 · If you file for chapter 7 bankruptcy and discharge your mortgage obligations, the creditor can report only that the balance due is $0 and the debt was discharged in bankruptcy. The creditor cannot report a balance due, nor can it report any payments you make on the loan after bankruptcy.

 · Can Your Creditors Still Sue You After Bankruptcy? By: Christina.. I sold my house and as a nice person I held a 2nd mortgage and paid settlement costs for the newlyweds with a baby.. I work more than full time and still can’t keep up with my bills since I have 2 mortgages. I am stuck with a house I can’t rent/sell until it is fixed.

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